Michael Oliver Of JLL Represents Borrower In $25.5M Loan Deal In Jersey City

The Nest Micro Apartments, a multifamily complex located at 190 Academy St in Jersey City, NJ, 07306, have been refinanced through a $25.5 million loan arranged by JLL. This property, built in 2021, comprises 122 studio apartments along with 1,350 square feet of ground-floor retail space. The loan for Nest Micro was secured through Argentic Investment Management with the assistance of Matthew Pizzolato, Max Custer, Michael Oliver, and Salvatore Buzzerio of JLL, acting on behalf of the borrower, 190 Academy Urban Renewal LLC.

Summary of transaction details:

• Property Type: Multifamily complex
• Transaction Amount: $25,500,000.00
• Market: Jersey City
• Borrower's Representative: Michael Oliver (JLL)
• Lender: Argentic Investment Management

The borrower entity conducting business as 190 Academy Urban Renewal LLC received financing for Nest Micro Apartments in Jersey City. Michael Oliver of JLL served as the borrower's representative in this transaction, working with Argentic Investment Management as the lender. The loan arranged for this property underscores the thriving real estate market in Jersey City, cementing its position as a lucrative investment opportunity.